The New Carbon Trading Rules

Hundreds of billions of dollars could change hands in coming years through a global market in greenhouse emissions. Last month’s climate summit in Glasgow, Scotland, approved the new trading system.
Peter Dejong/AP

This article provides a coherent summary of the carbon trading market’s prospects after the Glasgow Summit, including the key criticism of the scheme:

Carbon trading gets a green light from the U.N., and Brazil hopes to earn billions

Carbon emissions trading is poised to go global, and billions of dollars — maybe even trillions — could be at stake. That’s thanks to last month’s U.N. climate summit in Glasgow, Scotland, which approved a new international trading system where companies pay for cuts in greenhouse gas emissions somewhere else, rather than doing it themselves. Continue reading